nick bryant, bbc news, christchurch. >> you are watching "bbc world news." silda come -- riots against greek austerity measures in athens. let's return to our top story. evince in libya. several european union countries are contemplating sanctions against the country. the french president has called for the eu to suspend commercial and financial ties with libya. >> the french president, nicolas sarkozy, has called on europe to suspend economic relations with libya well gaddafi stays in charge. it is a measure backed by the u.s. senator john kerry. but the sanctions were fully lifted in 2005. world leaders, including italy and's is silvio berlusconi, rushed to establish relations with colonel gaddafi. many oil companies were joined by investors of bp and other companies that recently committed to exploration deals. those contracts may now be at risk. >> italy can no longer count on libya, at least for the time being, for oil deliveries. and in addition, the libyan central bank which hold a significant share of italy's largest bank is pretty much missing. >> m